Advertisement

News and analysis on the global poultry
and animal feed industries.
Poultry Processing & Slaughter / Pig Processing & Slaughter / Latin America / Industry News & Trends / Business & Markets
JBS
Photo courtesy of JBS
on June 1, 2017

Tarek Farahat elected chairman of JBS board

He replaces Joesley Batista, while José Batista Sobrinho replaces Wesley Batista as vice chairman

Tarek Farahat has been unanimously elected by the JBS Board of Directors to take over as chairman of the board.

Farahat, who has been a board member since 2013 and the company’s global president of marketing and innovation since 2015, replaces Joesley Batista, who amid a bribery scandal that involved officials from the Brazilian government, resigned as chairman and member of the board.

Tarek Farahat has worked for Procter & Gamble (P&G) for 26 years, serving in a number of leadership positions in several regions around the globe, including the Middle East, Europe and Latin America. From 2006 to 2012, he served as president of P&G Brazil. In 2012, he became president of P&G Latin America and an officer of the company’s executive board.

“Governance is my utmost priority. We will work hard to restore trust with the market and protect the more than 235 thousand families that are part of JBS. There is a significant amount of work to be done in order to regain the trust of our stakeholders,” Farahat stated in a press release.

“We remain focused on offering consumers the highest quality products and services, while maintaining a close partnership with our suppliers and clients, and supporting our more than 235 thousand team members worldwide.”

José Batista Sobrinho named vice chairman

In the same board meeting, José Batista Sobrinho was unanimously elected vice chairman of the board. He replaces Wesley Batista as vice chairman. However, Wesley Batista, who is Joesley Batista’s brother and José Batista Sobrinho’s son, will remain CEO of the company.

Governance committee formed

The JBS board also ratified the creation of a Governance Committee, which will be led by the new board chairman. The committee’s main objective will be to implement global best practices in corporate governance and compliance at JBS.

“Governance is my utmost priority. We will work hard to restore trust with the market and protect the more than 235 thousand families that are part of JBS. There is a significant amount of work to be done in order to regain the trust of our stakeholders”, stated Tarek Farahat.

“We remain focused on offering consumers the highest quality products and services, while maintaining a close partnership with our suppliers and clients, and supporting our more than 235 thousand team members worldwide”, added Tarek Farahat. 

Comments powered by Disqus